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About BuzzFeed
Industries
Consumer Goods
Entertainment
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2006
Overview
BuzzFeed creates and shares a variety of content aimed at informing, entertaining, and inspiring its audience, primarily targeting millennials and Gen Z. The content includes news, entertainment, lifestyle, and DIY topics, appealing to a wide range of interests. BuzzFeed generates revenue through multiple channels: advertising on its website and social media, sponsored content that promotes brands while maintaining BuzzFeed's editorial style, affiliate marketing that earns commissions from product referrals, and e-commerce sales of BuzzFeed-branded merchandise. Unlike its competitors, BuzzFeed stands out with its unique voice, viral content, and strong presence on social media. The company's goal is to engage a global audience with shareable content while effectively monetizing its diverse offerings.
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Simplify's Take
What believers are saying
- BuzzFeed's exclusive product launch at Target boosts its content-driven commerce strategy.
- High-profile investors like Vivek Ramaswamy enhance BuzzFeed's financial stability.
- FilmRise's acquisition of digital rights monetizes BuzzFeed Studios' content library.
What critics are saying
- Vivek Ramaswamy's stake may introduce political bias, affecting audience trust.
- FilmRise's control over digital rights may limit BuzzFeed's content distribution.
- Mittenthal's departure could disrupt BuzzFeed's communication and public relations strategies.
What makes BuzzFeed unique
- BuzzFeed leverages viral content to engage millennials and Gen Z effectively.
- The company has a strong social media presence, enhancing its content distribution.
- BuzzFeed's multifaceted revenue model includes advertising, e-commerce, and affiliate marketing.
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Funding
Total Funding
$984.3M
Above
Industry Average
Funded Over
10 Rounds
New Enterprise Associates
Andreessen Horowitz
SoftBank
SV AngelBenefits
Wellness - Comprehensive benefits for medical, dental, and vision insurance with a focus on Wellness. Plus discounts on Gyms, Care.com, and access to resources like Maven, Tend Dental, and One Medical.
Planning for the future - Take advantage of the 401(k) plan with a company match, short and long-term disability coverage and life insurance.
Work-life balance - We offer our employees paid time off (including your birthday!), paid holidays and generous leave options for life events such as becoming a parent or getting married.
Career development - Opportunities for personal and professional growth via work experience, offerings from our in-house Learning @ BuzzFeed team, our Employee Resource Groups, and more.
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↓ -2%/PRNewswire/ -- Edge One Capital today announced its stake in BuzzFeed, Inc. It plans to be an active and constructive partner in increasing long-term...
Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in BuzzFeed, the digital publishing company that shut down its media outlet last year. Shares of the company skyrocketed higher Wednesday. Ramaswamy acquired a 7.7% stake in BuzzFeed, according to a filing with the Securities and Exchange Commission late Tuesday. Ramaswamy […]
FilmRise, the New York City-based film, television studio and streaming network, has acquired worldwide digital media rights to a library of content from the BuzzFeed Studios portfolio of brands.
NEW YORK, September 29, 2023 - BuzzFeed, Inc. (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the world has ever seen, today announced the launch of its newest product line the Goodful Clean Ceramic Cookware.
Mittenthal joined Buzzfeed in 2017 to lead comms for its news division, and later took responsibility for the rest of the company's communications as well.
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About BuzzFeed
Industries
Consumer Goods
Entertainment
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2006
BuzzFeed is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to BuzzFeed